ACE Offers Borderless International Pollution Liability Coverage for U.S.-based Multinational Companies

Wed Mar 20, 2013 3:49pm EDT

* Reuters is not responsible for the content in this press release.

PHILADELPHIA--(Business Wire)--
ACE USA, the U.S.-based retail operations of the ACE Group, today announced the
introduction of the Foreign Casualty Pollution Liability Coverage Endorsement.
This new endorsement provides a limited pollution coverage extension in
conjunction with ACE ATLAS CMPSM, ACE`s U.S. Controlled Master Program (CMP)
policy, which is designed to provide coverage for U.S.-based multinational
organizations with complex exposures. The expanded coverage offers borderless
international pollution liability protection for certain gradual as well as
sudden and accidental first and third-party environmental liabilities. 

ACE ATLAS CMP is part of the ACE USA International Casualty product suite for
U.S.-based, mid-sized to large multinational companies that have operations or
employees who travel outside the U.S. The product offerings range from
guaranteed cost package policies to complex multinational programs with
sophisticated risk transfer options. As part of the product suite, ACE also has
the ability to coordinate locally admitted policies across the entire ACE global
network through ACE WorldviewSM, a web-based information portal for risk
managers and brokers with multinational insurance programs that provides an
up-to-date status of their entire global program. 

"ACE continuously looks for ways to assist multinational companies with their
growing coverage needs," said Bryan Tedford, Senior Vice President, ACE Foreign
Casualty. "The addition of this environmentally-focused endorsement further
demonstrates ACE`s commitment to providing insurance and risk management
solutions for our U.S.-based, mid-sized and large multinational clients that do
business globally." 

Jon Peeples, Vice President, ACE Environmental Risk added, "Our goal in creating
this endorsement is to help multinational businesses mitigate the risks
associated with ongoing environmental exposures. This new endorsement allows ACE
to provide customized, innovative risk management solutions to address the
growing complex environmental risks and exposures multinational risk managers
may face throughout their day-to-day operations." 

Key features of the Foreign Casualty Pollution Liability coverage endorsement

* Dedicated Limit of Liability - $1M per / $1M aggregate 
* First and third party coverages for new pollution conditions on a gradual
basis, including:

* Bodily injury and property damage to the personal property of a third party
on, at, or under a covered location 
* Bodily injury, property damage, and remediation costs arising out of pollution
conditions migrating from a covered location 
* Damages and claim expenses resulting from a government action arising out of a
pollution condition on, at, under, or migrating from a covered location

* International coverage territory 
* Dedicated environmental claims specialists 
* Backed by the ACE Group`s financial strength and excellent reputation

ACE Foreign Casualty and ACE Environmental Risk are both divisions of ACE USA,
and part of the ACE Group. ACE Environmental Risk offers a full range of
environmental liability solutions designed to minimize bottom-line impacts, and
provides hands-on management for those liabilities. For more information about
ACE Environmental Risk and its range of products and services, please visit our
website. For more information about ACE Foreign Casualty, please visit our

Insurance is provided by insurance companies within the ACE Group. All products
may not be available in all jurisdictions. The product information above is a
summary only. The insurance policy actually issued contains the terms and limits
of the contract. 

ACE USA is the U.S.-based retail operating division of the ACE Group, headed by
ACE Limited, and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by
Standard & Poor`s. ACE USA, through its underwriting companies, provides
insurance products and services throughout the U.S. Additional information on
ACE USA and its products and services can be found at The
ACE Group is one of the world`s largest multiline property and casualty
insurers. With operations in 53 countries, ACE provides commercial and personal
property and casualty insurance, personal accident supplemental health
insurance, reinsurance, and life insurance to a diverse group of clients. ACE
Limited, the parent company of the ACE Group, is listed on the New York Stock
Exchange (NYSE: ACE) and is a component of the S&P 500 index. Additional
information can be found at:

ACE North America Communications
Carla Ferrara, 215-640-4744

Copyright Business Wire 2013